Soybeans were lower on fund and technical selling, in addition to spillover from the outside markets. The U.S. harvest is slightly ahead of average, with limited rain delays in the near-term forecast. Yields in some areas have been lower than expected, but it is early. The USDA’s next set of supply, demand, and production numbers is out October 12th. The trade is also monitoring conditions in Argentina and Brazil as planting gets into full swing.
